How to easily set up a business in the UAE?
Do you want to set up a business in the UAE? We will help you to do it fast and high quality!
6 simple steps:
ONE: Understand your business model
The first step is to understand your business model. Then you will be able to match it with the business activity. There are thousands of potential activities to choose from and it’s vital that you list any you intend to carry out on your license application.
TWO: Choose a company name
With your business activities outlined, it’s time to choose your company name. There are a few things to keep in mind when naming a business in the UAE. Here you must abide by a strict, yet easy to follow, set of naming conventions. Once again, a company setup expert can help you with this step.
THREE: Choose a setup – free zone or mainland?
The final step before making your license application is to decide whether you wish to establish your business in a free zone or on the mainland.
There are many advantages to both. Free zones such as Meydan offer benefits such as a quick and easy incorporation process, ongoing business support and financial incentives such as tax exemptions and zero currency restrictions.
Mainland business, on the other hand, allows you to trade directly with the UAE market and take on potentially lucrative government contracts.
FOUR: Applying for your business license
One of the most important requirements to start a small business is of course a business license.
Obtaining a license for a small business is a simple process for both free zone and mainland companies. The requirements to start a small business in the mainland is as follows: apply for your license directly to the Department of Economic Development or the Municipality in the Emirate in which you are setting up. In most cases, mainland license applications take around three weeks.
FIVE: Applying for visas
Another one of the key requirements to start a small business is a UAE visa. The process for applying for your own visa, as well as those of your employees, is particular, yet straightforward.
As the holder of a UAE business license, you can also sponsor others for their visas too. This could be a spouse, parent or child, or a domestic worker such as a housekeeper.
SIX: Opening a corporate bank account
If you are looking to get your company license, visa, or the cheapest trade license in the UAE, then our team can help.